Independent Advisor Alliance Acquires 164 Shares of Snowflake Inc. (NYSE:SNOW)

Defense World · Aug 7, 2022 19:21

Independent Advisor Alliance grew its holdings in shares of Snowflake Inc. (NYSE:SNOW – Get Rating) by 10.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,722 shares of the company's stock after purchasing an additional 164 shares during the quarter. Independent Advisor Alliance's holdings in Snowflake were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of SNOW. Yousif Capital Management LLC bought a new position in Snowflake in the 4th quarter worth $966,000. D.A. Davidson & CO. raised its holdings in Snowflake by 6.7% in the 4th quarter. D.A. Davidson & CO. now owns 2,315 shares of the company's stock worth $784,000 after acquiring an additional 145 shares during the period. CWM LLC bought a new position in Snowflake in the 4th quarter worth $301,000. Qube Research & Technologies Ltd bought a new position in Snowflake in the 4th quarter worth $5,793,000. Finally, Quadrant Capital Group LLC raised its holdings in Snowflake by 60.0% in the 4th quarter. Quadrant Capital Group LLC now owns 392 shares of the company's stock worth $133,000 after acquiring an additional 147 shares during the period. Institutional investors own 76.67% of the company's stock.

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Insider Buying and Selling

In related news, Director John Dennis Mcmahon sold 1,224 shares of the business's stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $155.44, for a total transaction of $190,258.56. Following the completion of the sale, the director now directly owns 55,659 shares of the company's stock, valued at $8,651,634.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Snowflake news, Director John Dennis Mcmahon sold 1,224 shares of the company's stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $155.44, for a total value of $190,258.56. Following the completion of the sale, the director now owns 55,659 shares of the company's stock, valued at $8,651,634.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank Slootman sold 1,727 shares of the company's stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $136.18, for a total transaction of $235,182.86. Following the completion of the sale, the chief executive officer now directly owns 138,551 shares of the company's stock, valued at approximately $18,867,875.18. The disclosure for this sale can be found here. Insiders sold a total of 3,678 shares of company stock valued at $524,444 over the last ninety days. Insiders own 8.90% of the company's stock.

Snowflake Trading Up 3.0 %

Shares of NYSE SNOW opened at $165.53 on Friday. The company has a market cap of $52.08 billion, a PE ratio of -78.45 and a beta of 1.30. The company has a 50-day moving average of $140.67 and a two-hundred day moving average of $189.50. Snowflake Inc. has a 1-year low of $110.26 and a 1-year high of $405.00.

Snowflake (NYSE:SNOW – Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.13). The business had revenue of $422.37 million for the quarter, compared to the consensus estimate of $413.01 million. Snowflake had a negative return on equity of 12.39% and a negative net margin of 45.48%. The company's quarterly revenue was up 84.5% on a year-over-year basis. During the same period last year, the firm earned ($0.69) earnings per share. As a group, equities research analysts forecast that Snowflake Inc. will post -2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SNOW shares. Loop Capital dropped their price objective on shares of Snowflake from $370.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, May 26th. Mizuho dropped their price objective on shares of Snowflake from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 26th. Truist Financial dropped their price objective on shares of Snowflake from $300.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 26th. Jefferies Financial Group upgraded shares of Snowflake from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $125.00 to $200.00 in a report on Tuesday, June 28th. Finally, UBS Group dropped their price objective on shares of Snowflake from $260.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, May 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and an average target price of $219.27.

Snowflake Company Profile

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Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries.

Independent Advisor Alliance Acquires 164 Shares of Snowflake Inc. (NYSE:SNOW)

Insider Buying and Selling

Snowflake Trading Up 3.0 %

Analyst Upgrades and Downgrades

Snowflake Company Profile

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